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ABC Ltd expects to pay a dividend of $2.22 next year. It expects its cash dividends to grow 5% per year forever. ABC has a

ABC Ltd expects to pay a dividend of $2.22 next year. It expects its cash dividends to grow 5% per year forever. ABC has a debt of 35% in its overall firm financing. Its borrowing rate is 10%. Corporate tax is at 30% and its shares are currently selling for $20 per share. What is the WACC?

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